Business

ICICI Bank rallies behind beleaguered Kochhar

ICICI Bank rallies behind beleaguered Kochhar In the statement issued, the ICICI Bank said that the bank had sold the HTM category bonds for a few weeks following a misunderstanding. In 2010, RBI had notified that if the value of sales and transfers of government bonds to and from the HTM category exceeds 5 per cent of the book value of investments in the category, a financial institution must make a disclosure . [Full Article...]

GlaxoSmithKline (LON:GSK) Rating Increased to Equal at Morgan Stanley

GSK stock traded down GBX 3.40 ($0.05) during midday trading on Thursday, reaching GBX 1,394 ($19.26). About 1.49M shares traded. It has underperformed by 11.55% the S&P500. In related news, insider Patrick Vallance sold 14,022 shares of the stock in a transaction dated Monday, February 19th. FB's profit will be $4.07 billion for 28.53 P/E if the $1.40 EPS becomes a reality. [Full Article...]

Trump slams Amazon on Twitter, yet again

Trump slams Amazon on Twitter, yet again The President's comments had appeared to add weight to a report a day earlier that Mr Trump wanted to "go after" the company. Amazon's shares fell more than 4% on Wednesday. It also said that he wanted to change Amazon's tax treatment - an issue he raised publicly past year when he called for an internet tax for online retailers, though Amazon already collects sales tax on items it sells direct ... [Full Article...]

Coffee must come with cancer warning in California, judge rules

High levels of acrylamide have been found in brewed coffee. The industry which is led and supervised by Starbucks Corp tells that the chemicals on coffee are not harmful at all. Even at Starbucks shops where the labels are posted, many coffee drinkers are unaware of them. "I just don't think it would stop me", said Jen Bitterman, a digital marketing technologist. [Full Article...]

Volkswagen Offers to Buy Back Diesel Vehicles if German Cities Ban Them

Volkswagen Offers to Buy Back Diesel Vehicles if German Cities Ban Them The court filing said through 31 December Volkswagen bought back 335,000 diesel vehicles, resold 13,000 and destroyed about 28,000. "We intend to defend these claims robustly and are confident of a successful outcome", a Volkswagen spokesperson said, stating the software has not been proven illegal in the United Kingdom and many cars had been fixed. [Full Article...]

US FCC approves SpaceX plan for broadband satellite services

US FCC approves SpaceX plan for broadband satellite services SpaceX has received official permission from the USA government to launch a fleet of satellites created to beam high-speed Internet signals down to Earth. If they're lower, they will have less coverage, hence the need for more than 4,000 of them. If they were to occur, failures or serious problems with these first two prototypes would, in fact, benefit SpaceX and strengthen all future prototype... [Full Article...]

Dana Says Deal With GKN Driveline "Unlikely" After Melrose Win

Dana Says Deal With GKN Driveline Following the decision by shareholders of GKN to accept the offer from Melrose, mayor of the West Midlands, Andy Street, said: "The result of the vote by the shareholders of GKN is now known, however the real decisions on the future of the company are still to be made". [Full Article...]

Laffer Investments Sells 7835 Shares of Intel Co. (NASDAQ:INTC)

This represents a $1.20 dividend on an annualized basis and a yield of 2.29%. Based on a recent bid, its distance from 20 days simple moving average is -0.47%, and its distance from 50 days simple moving average is 5.14% while it has a distance of 21.57% from the 200 days simple moving average. [Full Article...]

Toyota & Suzuki to share Baleno, Vitara Brezza and Corolla in India

Toyota & Suzuki to share Baleno, Vitara Brezza and Corolla in India From then onwards both the companies have worked together on different projects from environmental technology to safety technology to information technology, and the mutual supply of products and components. The agreement enables the supply of hybrid and other vehicles between the two manufacturers. At the same time, Toyota's position is considerably weak in emerging markets like India where it ha... [Full Article...]

Banco Santander, SA (NYSE:SAN) Short Interest Update

The stock performed -16.25% to a low over the previous 50 Days and showed performance of 0.16% to its 50 Day high level. USA stocks closed sharply lower on Tuesday, erasing earlier gains, as a decline in the broader tech sector brought the major averages down. [Full Article...]

Constellation Brands tops estimates on higher demand for Corona beer

Constellation Brands tops estimates on higher demand for Corona beer Mexico exported 712 million gallons of beer to its northern neighbour previous year, with Constellation accounting for much of that volume. Utah Retirement Sys invested 0.14% in Constellation Brands, Inc . Constellation is also now trading at a lower earnings multiple than its high point of 25.3x forward earnings over the a year ago and is nearly directly in line with its median 52-week P/E of 22... [Full Article...]

Pfizer Inc. (PFE) Sees Significant Growth in Short Interest

Pfizer Inc. (PFE) Sees Significant Growth in Short Interest It has underperformed by 28.60% the S&P500. Yhb Investment Advisors Inc increased its stake in Pfizer Inc ( PFE ) by 12.08% based on its latest 2017Q4 regulatory filing with the SEC. UBS set a $40.00 target price on Pfizer and gave the stock a "buy" rating in a report on Wednesday , December 6th. (NYSE: PFE ) earned "Overweight" rating by Morgan Stanley on Wednesday , January 31. [Full Article...]

Australia issues mandatory recall for vehicles with airbag defect

The air bags must be replaced by December 31, 2020 or the manufacturers will face fines of A$1.1 million ($857,000) per breach of the order, said Michael Sukkar, assistant minister to the treasurer. The recall cover vehicles made by Ford , GM Holden , Mercedes Benz , Tesla , Jaguar , Land Rover , Volkswagen , Audi and Skoda . Wednesday's announcement followed an investigation by Austra... [Full Article...]

Edmonton man arrested after child porn investigation at Ft. Erie border

Edmonton man arrested after child porn investigation at Ft. Erie border It was at that time that defence lawyer Greg White asked the court to order the pre-sentence report, requesting that the authors determine if Schnell is diagnosed as a pedophile and for a risk assessment. As the investigation continued, police searched a Dropbox account that belonged to Schell. Task force investigators focus on identifying those involved in child pornography via the Internet and o... [Full Article...]

'Westworld' Season 2 Trailer Gives a Glimpse at the Robot Rebellion

'Westworld' Season 2 Trailer Gives a Glimpse at the Robot Rebellion Westworld's hotly anticipated second season is just a few weeks away and we've still got dozens upon dozens of questions. The two minute clip finally reveals one of the first characters of "Samurai World", which we were slowly introduced to during the finale of the first season - but we also see JUST how sentient the hosts have become. [Full Article...]

Detroit Tigers home opener postponed until Friday

Detroit Tigers home opener postponed until Friday The Tigers announced the postponement about four hours before the scheduled first pitch on a dreary, rainy day in the Detroit area. The matchup will remain Ivan Nova vs. With just one day away until the team's home opener against the Pittsburgh Pirates on March 29, the team says there are still tickets available. The Tigers have won six straight season openers, the longest streak in ... [Full Article...]

Tech selloff hits US stocks; Nasdaq slumps 2.9%, Dow -1.4%

Tech selloff hits US stocks; Nasdaq slumps 2.9%, Dow -1.4% KEEPING SCORE: The Standard & Poor's 500 index rose 37 points , or 1.5 percent, to 2,625 as of 1:04 p.m. The Dow Jones industrial average gave up 22 points, or 0.1 percent, to 23,830. Lowe's climbed 6.6 percent after the home-improvement retailer said Chairman and CEO Robert Niblock is retiring. Those losses outweighed gains by drugstore chains, health care companies and other stocks . [Full Article...]

Ben Affleck jokes about his 'garish tattoos'

Ben Affleck jokes about his 'garish tattoos' It described his tattoo as "garish" and his physique with even less flattering language. The piece started with, of course, the writer noting Affleck's very big phoenix tattoo on his back, which had been the talk of the town since he was recently seen on Honolulu beach during the production of his upcoming project with Netflix, Triple Frontier . [Full Article...]

LeBron James on MVP race: 'I would definitely vote for me'

LeBron James on MVP race: 'I would definitely vote for me' CAVALIERS: Shot 71 percent from the field in the second quarter and outscored the Hornets 42-28 to take control. Cleveland put a major dent into their ambitions on Wednesday night. Love is averaging 17.7 points and 9.2 rebounds in his fourth season with Cleveland. Among active players in the league, James Harden is second to the Cavaliers superstar at 257 games and DeMarcus Cousins is t... [Full Article...]

March for Our Lives Photos from Photographer Sean Thomas

March for Our Lives Photos from Photographer Sean Thomas The march had over 800 partner marches across the U.S.in addition to the primary march in Washington D.C. The trip to the march was organized by juniors Roman Doumbia and Sydney Kukoda, who are resident assistants in Horan and Lee Hall, respectively. [Full Article...]


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